Sonoco

Sonoco Products Company

Type	Public
Traded as	NYSE: SON S&P 400 Component
Industry	Packaging
Founded	1899
Founder	Major James Lide Coker
Headquarters	Hartsville, South Carolina , United States
Key people	(CEO)
Revenue	US$5.237 Billion (Fiscal Year Ended December 31, 2020)[1]
Operating income	US$255.592 Million (Fiscal Year Ended December 31, 2020)[1]
Net income	US$207.241 Million (Fiscal Year Ended December 31, 2020)[1]
Total assets	US$5.277 Billion (Fiscal Year Ended December 31, 2020)[1]
Total equity	US$1.910 Billion (Fiscal Year Ended December 31, 2020)[1]
Number of employees	21,000[2] (2017)
Website	www.sonoco.com

Founded in 1899, Sonoco Products Company (NYSE: SON) is a United States-based international provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services and the world's largest producer of , tubes, and cores. With annualized net sales of approximately $4.9 billion, Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations.^[3] The company is headquartered in Hartsville, South Carolina, and is South Carolina's largest corporation in terms of sales.^[4]

In Fortune Magazine's 2013 World's Most Admired Companies, Sonoco ranked first in financial soundness in the packaging and container sector.^[5] Sonoco is a member of the New York Stock Exchange Century Index and the S&P 400.

Operations[]

Sonoco is the world's largest producer of , tubes, and cores^{[citation needed]} and a leading manufacturer of blow-molded plastic containers, consumer and industrial thermoformed plastic packaging, engineered molded and extruded plastic products, rigid paperboard containers, and convenience closures.

Sonoco's operations consist of its consumer packaging businesses, including Global Rigid Paper and Closures, Global Flexibles, and Global Plastics; its Global Services division, which provides high-impact retail displays and packaging supply chain management; its Industrial Converted Products businesses, which manufacture tubes and cores and reels for the wire and cable industry, produces uncoated recycled paperboard globally for Sonoco's fiber-based packaging divisions and external converters, and includes Sonoco Recycling, one of the world's largest recyclers; and its Protective Packaging division, which produces highly engineered, custom-designed protective, temperature-assurance, and retail security packaging.

Sustainability[]

Sonoco was named the top global packaging company for sustainability and corporate responsibility in the 2011 and 2012 the Dow Jones Sustainability World Index. The firm also received Sustainable Asset Management (SAM) Gold Class Awards in SAM's Sustainability Yearbook in 2011, 2012, and 2013, was named one of the Top 100 Corporate Citizens by Corporate Responsibility Magazine in 2011 and 2012, and has been listed among the United States's 500 largest publicly traded companies in Newsweek magazine's "Green Rankings" for three consecutive years.^[6]

Sonoco Recycling annually collects approximately 3 million tons of old corrugated containers, various grades of paper, metals and plastics. The Company also provides recycling programs for many large consumer product companies in the U.S. .

Administration employees[]

• Major James Lide Coker founded the Southern Novelty Company in 1899, which became Sonoco in 1923.
• Charles W. Coker, President 1970–1990, CEO 1970-1998, and chairman 1976–2005.
• , Executive Chairman of the board, and former CEO previous to M. Jack Sanders.
• , President and Chief Executive Officer 2013-2018.
• , President and Chief Executive Officer; 2018-2020.
• , President and Chief Executive Officer; Elected 2020.

References[]

Further reading[]

• Doubles, Malcolm C (2005). A century plus: a history of Sonoco Products Company. Hartsville, S.C.: Coker College Press. ISBN 0970364415.
• Paul Kepos (ed.). "Sonoco Products Company". International Directory of Company Histories. VIII. Detroit, Mich.: St. James Press. pp. 475–477.

External links[]

• Sonoco Products Company Official site.
• Sonoco Products Forbes bio.
• Sonoco Products Co. (SON) Yahoo finance bio.